BONART LIMITED

💤Zombieactive
00696113 · ltd · incorporated 1961-06-21
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Jun 2025
Net worth
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 85/100. Strong seller-intent signal (68/100, director aged 50). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 29.2y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 29.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
8 officers (1 active, 8 linked, 7 with DOB)
88
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
122 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-302024-06-30

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-03-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-11-27
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2025-11-17
    MAISEY, Robert John resigned
    director
  4. 2025-11-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-11-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-03-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2024-03-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2023-03-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2022-03-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-05-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-05-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2020-05-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2020-05-25
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  14. 2020-05-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2020-05-25
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2020-03-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-06-01
    MAISEY, Sheila Rosemary resigned
    secretary
  18. 2019-06-01
    MAISEY, Sheila Rosemary resigned
    director
  19. 2019-06-01
    MAISEY, Vera Gwyneth resigned
    director
  20. 2018-12-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2015-08-29
    🔓
    Charge satisfied #3
  22. 2014-11-15
    🔓
    Charge satisfied #1
  23. 2014-10-06
    🔓
    Charge satisfied #2
  24. 2014-08-22
    🔒
    Charge registered #3
    Lender: Svenska Handelsbanken Ab (Publ)
  25. 2013-05-09
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  26. 2007-06-28
    DAMRELL, James George resigned
    director
  27. 2004-05-14
    MAISEY, Matthew William appointed
    director
  28. 2003-09-24
    MAISEY, Harold Lionel resigned
    director
  29. 2002-05-31
    BASHFORD, Peter Michael resigned
    director
  30. 1997-05-29
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  31. 1993-06-22
    DAMRELL, James George appointed
    director
  32. 1961-06-21
    🏢
    Company incorporated
    As BONART LIMITED

Owner dependency

85/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 65 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Matthew William Maisey
Individual · British · DOB 06/1976 · age 50
75100%
75-100% shares17/11/2025
2 historic (ceased) PSCs
  • Mr Robert John Maiseyceased 17/11/2025· 75-100% shares · 75-100% voting
  • Mrs Sheila Rosemary Maiseyceased 01/06/2019· 50-75% voting

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1961-06-21
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999

Registered office

34 Blackmile Lane
Grendon
Northampton
NN7 1JR
England

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-12-01
Last: 2025-11-17

Officers (1 active · 7 resigned)

MAISEY, Matthew William
director · ~50y · appointed 2004-05-14
View their other companies + combined net worth →
Active
MAISEY, Sheila Rosemary
secretary · resigned 2019-06-01
Resigned
BASHFORD, Peter Michael
director · ~79y · resigned 2002-05-31
Resigned
DAMRELL, James George
director · ~80y · appointed 1993-06-22 · resigned 2007-06-28
Resigned
MAISEY, Harold Lionel
director · ~118y · resigned 2003-09-24
Resigned
MAISEY, Robert John
director · ~82y · resigned 2025-11-17
Resigned
MAISEY, Sheila Rosemary
director · ~94y · resigned 2019-06-01
Resigned
MAISEY, Vera Gwyneth
director · ~81y · resigned 2019-06-01
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Svenska Handelsbanken Ab (Publ)
A registered charge22/08/201429/08/2015
satisfied
Barclays
Barclays Bank PLC
A registered charge09/05/201306/10/2014
satisfied
Barclays
Barclays Bank PLC
Guarantee & debenture1 property29/05/199715/11/2014

Recent filings (122 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-03-26
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-11-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-17
termination-director-company-with-name-termination-date
officers · TM01
2025-11-17
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-02
accounts-with-accounts-type-dormant
accounts · AA
2025-03-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-31
accounts-with-accounts-type-dormant
accounts · AA
2024-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-24
accounts-with-accounts-type-dormant
accounts · AA
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-07